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More Electric Aircraft Market Share

Report ID: GMI3357
Published Date: Sep 2023
Report Format: PDF

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More Electric Aircraft Market Share

Major players operating in the more electric aircraft market are;

Airbus S.A.S
Astronics Corporation
Augusta Westland
BAE Systems Plc
Boeing Company
Bombardier
General Electric
Honeywell International Inc.
Liebherr-Elektronik GmbH,
Lockheed Martin Corporation
Raytheon Technologies Corporation
Rolls-Royce Holdings plc,
Safran S.A
Thales Group
United technologies Corporation

These players heavily invest in research to introduce innovative services & products and garner maximum revenue in the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for more electric aircraft exceeded USD 4.2 billion in 2022 and is anticipated to witness over 13.1% CAGR between 2023 and 2032 due to the rising focus on aircraft electrification worldwide.

The power electronics system segment garnered 40% share of the more electric aircraft market in 2022 driven by its prominence in the transition to electric & hybrid-electric propulsion systems.

Passenger comfort application segment may record over 10% CAGR from 2023-2032 due to the surging need to provide quieter and smoother rides with reduced noise & vibrations.

North America held over 30% share of the more electric aircraft industry in 2022 owing to the presence of well-established aerospace sector with several leading aircraft manufacturers & suppliers.